The Optimum Tariff Is

question 13

Multiple Choice

The optimum tariff is

• A)the tariff,which maximizes the difference between terms of trade gains and terms of trade loses.
• B)the best tariff a country can obtain via a WTO negotiated round of compromises.
• C)not practical for a large country due to the likelihood of retaliation.
• D)not practical for a small country due to the likelihood of retaliation.
• E)the tariff,which maximizes the terms of trade gains.

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Definitions:

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